Starting a new job is very exciting, but sometimes it can also be scary. Especially if you are setting up your new business in a foreign country (Usa), this situation may seem more complicated to you, but after you have detailed information about it, you will see that the situation is not so complicated and scary.
The United States has long hosted foreign businesses and welcomes foreign businesses. It seems that the facilities and satisfaction provided by the USA to foreign businesses will continue for many years because foreign businesses formed in the US states contribute greatly to the states in economic terms.
Forming an LLC in Usa from Turkey
Foreigners who have citizenship in Turkey or any other region of the world (except for countries where embargo is applied) can establish a company in America. Establishing a company in the USA as a foreign entrepreneur is a very simple process. It may even be simpler and less costly than establishing a company in your own country.
To form an llc in the USA, you are not required to provide any documents such as identity card, passport or residence. Your company will be registered in any state you choose in a short time through the so-called Registered Agents authorized by the Usan government. You can form your company from where you live in Turkey by paying the filing fee paid to the states during registration and by paying a small amount to the registered representative agencies.
How to Form an LLC in Usa?
Forming an llc in the USA is one of the topics that many entrepreneurs are curious about, especially in order to do business in the global arena and receive payments for products and services to be sold.
To form an llc in the USA, a US authorized registered agent is required. These registered representatives can take action on your behalf, form an llc in any of the states, and in the future have the authority to receive documents on your behalf sent by the state where your company is incorporated. You can also request extra services such as Apostille and tax number from these representatives for a fee.
You can start working with a registered representative to form an llc in Usa. The websites of these agencies contain the application forms required to form an llc. After filling out these application forms online and completing the required payment by credit card, the order is placed. The registered representative who receives your order initiates your installation process in the state you choose, in line with the information you provide.
How Do Registered Agents Form an LLC in Usa?
Registered representatives apply to the selected state in line with the information they receive from entrepreneurs through the application forms on their websites. They enter the following information into the state when applying;
- Company type
- Company owner (or owners) name, surname, phone, e-mail
- The mailing address that the company to be formed in the USA will use for correspondence
- Registered agent information
While in some states this information appears publicly, some states have an anonymous structure. In states with a joint stock company, the name and contact information of the company owner may not be displayed. If an llc is formed as an incorporated company, searches made on the state website by company name will list only the company name and registered representative information. You can instruct your registered representative at the beginning of the work as to whether this joint-stock structure should be formed or not.
How Many Days Does It Take to Form an LLC in Usa?
Registered representatives start transactions immediately after you place your order. The company formation process takes two business days in some states and can take up to a week in others. For example, in the most preferred states such as Wyoming, Kentucky, Delaware, Florida, Nevada and New Jersey, company formment is completed in a short time of 2.3 business days.
If no problems occur, the application to the state will be completed in a short time, such as 1-3 business days. The registered representative will then digitally deliver your company formation documents to you. You can instruct the registered representative to obtain state-approved originals with wet signatures for you, instead of digital copies of the company formation documents during the installation phase. In this case, the registered representative will charge you an extra fee because there are fees for sending these documents to you, which you must cover.
Cost of Forming an LLC in Usa
Approximate cost items for forming an llc in Usa
- Service fee for registered agents (Some undertake this for free, while others may charge some fee)
- Filing fee paid to the state ( You can see the installation prices of all states here
- Additional service fees if additional services are selected
Usa has different states, so filing and application fees vary from state to state. Depending on the state, these prices range from $40 to $500. The most affordable state to form an llc is Kentucky with $40, while the highest priced state is Massachusetts with $500.
Requirements for Forming an LLC in Usa
Before forming an llc in the USA, you need to determine the company type and the state where the company will be formed.
Company Type in Usa: LLC (Limited Liability Company)
LLC is a limited type company. As a foreigner who does not reside in the United States, the most advantageous company type is single-member LLC. Single-member LLCs are called Single Member LLC (SMLLC). Because the taxes of single-member foreign LLCs pass directly to the company owner, a single-member LLC whose owner is foreign and does not have an active physical presence in the USA has great tax advantages.
If you have a plan to form a global business and want to form an llc in Usa, it is recommended that you form a single-member LLC company as a foreigner.
State in Usa where the company will be formed
If you are going to form a single-member foreign LLC company, the state in which you will form the company is not very important if you do not have any offices, warehouses or branches in the USA. Of course, we should not conclude from this that I can form an llc in any state, because some states have quite high annual costs.
You must pay a filing fee to the state when you form your company, and you must file annually with your state each year in the future to keep the company active. During this annual filing, states charge company owners a filing fee, which varies by state.
In some states, these annual fees are quite low, while in others they are quite high. For example, states such as Washington DC, Nevada, California LLC, Delaware, Maryland LLC are states with high annual filing fees. For example, states such as Kentucky, Wyoming, New Mexico, Kansas, and Idaho have very cheap annual filing rates.
Wyoming, which is especially friendly to entrepreneurs and has no state income tax, has been preferred by foreign entrepreneurs lately. With an initial setup fee of around $100, Wyoming is an affordable state where annual filings can be made for as little as $50 for future years.
How to Start Commercial Operations After Forming an LLC?
, you must obtain a tax number for your company Internal Revenue Service (IRS) in order for the company to start commercial activities (e.g. opening a bank account, purchasing a virtual POS, etc.) This tax number Employer Identification Number (EIN) .
For purposes of identifying companies operating in the United States, the Internal Revenue Service assigns a 9-digit number called EIN after the company is incorporated. Once this number is assigned to your LLC company, your company is now ready to start its commercial activities. An LLC that does not obtain this 9-digit number, called EIN, can still remain active, but cannot open an account with any bank, including digital banks such as Wise or Mercury.
After establishing a company in the USA, the first thing to do is to apply for an EIN and have this number. While you can apply for an EIN yourself, you can ask your registered agent to obtain it for you by paying extra during the company formation phase. We have a step-by-step guide on our blog to apply for an EIN on your own for free, here .
How to Start Forming an LLC in Usa?
If you want to have an LLC type company in the USA within a few days, you can immediately send your application through a registered representative and start the installation process. As we mentioned at the beginning of the article, in order to form an llc in the USA, it is necessary to get service from a registered representative. At this stage, you will encounter many registered representatives. These registered representatives submit your company formation application to the state on your behalf, but the important point here is that the registered representative provides affordable and reliable service.
Below, we will talk about an agency with branches in every state of America, where you can get affordable and reliable service. The reliable registered agent we recommend to you is Northwest Registered Agent
What is Northwest Registered Agent?
Northwest Registered Agent is an llc that has been forming an LLC since 1998 and operates in the Registered Agent industry. With Northwest, you can form an LLC company in all states of the USA.
Because Northwest has an office located in every state (their addresses do not change), they allow their customers to use their address as their business mailing address. In this way, you do not need to make monthly payments to a postal address company for your LLC company in Usa, they will receive all the documents for you and deliver the digitally scanned documents to you.
You Can Form Your LLC with Northwest for $39 + State Filing Fee
With Northwest, you can form your LLC company with free registered representation for the first year and a discount by paying a $39 setup fee. When you access the application page from our discounted link, you can get the installation fee, which normally costs $250, for as low as $39.
Forming an llc in Usa is very simple and inexpensive compared to other countries. When forming an llc in the USA, you should make sure that your company is an LLC type, that you choose a suitable state, and that your registered representative is reliable.
Legal registered representative, also known as Registered Agent, is your representative who follows all legal processes for you in Usa. Make sure that your representative is well-formed and reliable. Do not choose small businesses or individuals who are likely to close or cease operations in the future as your representative. Instead, choosing more formed companies is very important for the continuity of your business.